Fundraising | Apr 25, 2019 Nuveen Real Estate hires two managing directors, plans to launch two funds by Released Nuveen Real Estate has hired two portfolio managers, Chad Phillips and Brian Tilton, for its office and industrial sector strategies.
Research | Apr 25, 2019 Flexible office trend affecting markets around the world by Larry Gray It’s time for office property owners and investors to think outside the box and adapt to the changing needs of space users. Trends such as co-working, space as a service (SaaS), open-plan layouts, fewer fixed-desks and walled-in workspaces, and higher allocations to amenity space have implications for both cash flow and value changes, according to The Rapid Growth of the Flexible Office, a white paper by LaSalle Investment Management.
Research | Apr 24, 2019 Office space valued at $35b eligible to be listed under REIT by Andrea Zander India currently has $35 billion of office space eligible to be listed under the country’s new REIT regulations, according to JLL’s latest report, India REITs: Heralding a New Era in Real Estate Investments. The country’s commercial real estate market is estimated to provide 294 million square feet of REIT-able space from the existing office stock.
Research | Apr 24, 2019 More than half of middle-income seniors will lack financial resources for senior housing and care by 2029 by Andrea Zander Demographic shifts in the United States over the next decade will nearly double the number of middle-income seniors ages 75 and over — more than 14 million people — lacking the financial resources to afford senior housing with supportive personal care services, a new study shows.
Fundraising | Apr 24, 2019 PGIM Real Estate and Rothesay Life provide €350m facility to refinance CBRE Dutch Office Fund by Released CBRE Global Investors has successfully completed a long-term refinancing for the CBRE Dutch Office Fund.
People | Apr 24, 2019 Vanessa Gelado to head Hines’ operations in Spain by Released Vanessa Gelado has been named new country head of Spain at Hines.
People | Apr 24, 2019 Savills Investment Management appoints new CEO by Released Alex Jeffrey has been appointed CEO of Savills Investment Management.
Research | Apr 24, 2019 Survey reveals less optimism about commercial real estate growth than in past years by Andrea Zander Slightly more than a third of the respondents in a recent poll believe the commercial real estate market is experiencing a gradual slowdown in transaction volume and price increases, according to the webcast poll titled, “Deloitte Dbrief,” by Situs RERC, Deloitte and the National Association of Realtors.
Transactions | Apr 24, 2019 Veteran real estate investor buys Hong Kong asset, most expensive property sold this year in the city by Andrea Zander Winner Progress is believed to be the buyer of the most expensive property sold this year in Hong Kong, reported South China Morning Post.
Transactions | Apr 24, 2019 Related Cos. to buy AT&T’s WarnerMedia headquarters for $2.2b by Andrea Zander An affiliate of Related Cos. has plans to buy the global headquarters of AT&T’s WarnerMedia in Manhattan for $2.2 billion.
Research | Apr 24, 2019 Consumers still spending, retailers still adjusting by Andrea Zander Consumer confidence declined in March to 124.1 after rebounding to 131.4 in February, but it remained above the January index of 121.7.
Investors | Apr 23, 2019 University of Houston System makes follow-on investment in Blackstone fund by Andrea Zander University of Houston System has plans to invest $10 million in a European opportunistic real estate fund managed by Blackstone Group.
Transactions | Apr 23, 2019 Charter Hall fund to develop A$1.5b Melbourne office project by Andrea Zander Prime Office Fund, a A$5.3 billion ($3.4 billion) fund managed by Charter Hall, has plans to develop a A$1.5 billion ($1.1 billion) premium office project in Melbourne’s CBD.
Other | Apr 23, 2019 Korea Post plans to invest $300m in real estate mezzanine debts by Andrea Zander Korea Post’s savings arm plans to invest around $300 million in mezzanine tranches on commercial properties in the United States and other developed countries in 2019, and it is currently searching for qualified real estate investment managers.
Investors | Apr 23, 2019 GIC and Grandjoy Holdings to create first publicly listed REIT in China by Andrea Zander Singapore sovereign wealth fund GIC and Chinese shopping mall operator Grandjoy Holdings Group have received regulatory permission to create China’s first publicly listed real estate investment trust.
Transactions | Apr 23, 2019 CapitaLand sells self-storage subsidiary StorHub by Andrea Zander As part of its asset recycling strategy, CapitaLand is divesting its stake in the group of companies that own and manage the group’s self-storage business StorHub.
Investors | Apr 23, 2019 Bank of Japan monetary policy: China’s recovery set to buoy Japan by Released With the Bank of Japan monetary policy meeting scheduled for April 24–25, Katsunori Kitakura, lead strategist at Sumitomo Mitsui Trust Asset Management (SMTAM), said there is concern that China’s slowdown is overblown and the Chinese stimulus program will kick in soon, shoring up the Japanese economy.
Fundraising | Apr 23, 2019 Octopus Healthcare raises £58m for healthcare infrastructure real estate by Released Octopus Healthcare, specialist U.K. healthcare real estate investor, has announced that it has successfully raised £58.8 million ($76 million) on the back of growing demand from institutional investors for the asset class.
Fundraising | Apr 23, 2019 Pictet Alternative Advisors launches direct European real estate fund by Released Pictet Alternative Advisors SA (PAA), the Pictet Group’s wholly-owned alternative investment company, has launched its fund.
Transactions | Apr 23, 2019 U.S. investor makes first international real estate acquisition, £429m purchase by Andrea Zander British Land Co. and its partner Sainsbury have sold 12 Superstores properties to U.S.-based Realty Income Corp. for £429 million ($556.9 million).
